Sunday, August 02, 2015, 1:30 p.m.

Bank HSBC to pay $1.9 billion in fines

By PAN PYLAS, PETE YOST AND LARRY NEUMEISTER THE ASSOCIATED PRESS

American authorities on Tuesday cited “astonishing” dysfunction at HSBC after the British bank agreed to pay $1.9 billion in penalties for helping Mexican drug traffickers, Iran, Libya and others under U.S. suspicion or sanction to move money around the world.